Question: Diminishing marginal utility explains a lot about human behavior. For example, it helps illuminate why diets fail, romances fade, too much exercise harms us, and

Diminishing marginal utility explains a lot about human behavior. For example, it helps illuminate why diets fail, romances fade, too much exercise harms us, and many other things. Select a human behavior and construct a “mini case study” that highlights the workings of marginal utility.

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Marginal Utility is defined as the change in total utility for a oneunit change in consumption of a ... View full answer

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